Colac vs Elliminyt.
Comparing two suburbs with median house prices of $480,000 and $735,000. Colac edges out on more headline metrics in this comparison.
Colac (median $480,000) is roughly 35% cheaper to buy into than Elliminyt ($735,000).
On school quality, the average ICSEA across schools serving Colac (972) sits above Elliminyt (971). Elliminyt skews owner-occupied (89%), Colac runs more rental-dense (66% owner).
For buyers
Colac is the lower entry point at $480,000 median, 35% below the other suburb. For first home buyers, that translates to a smaller deposit and lower stamp duty bill.
For investors
Colac offers the higher gross rental yield (2.82% vs 1.84%), favouring cash-flow investors.
For families
Colac edges out on average school ICSEA (972 vs 971). Elliminyt also has a higher family-household share (78% vs 57%), so the catchment community skews family-heavy.
Common questions
Is Colac or Elliminyt cheaper to buy in?
Colac has the lower median house price at $480,000, roughly 35% below Elliminyt ($735,000). The gap on units is usually similar but worth checking on the full suburb profiles.
Does Colac or Elliminyt have better schools?
On average school ICSEA (the ACARA index that benchmarks educational advantage), Colac scores 972 vs 971 in Elliminyt. ICSEA is a school-community indicator, not a quality rating, so always check NAPLAN results and catchment boundaries for the specific address you're considering.
Which suburb has higher rental yield, Colac or Elliminyt?
Gross rental yield on houses is 2.82% in Colac vs 1.84% in Elliminyt. Gross yield equals annual rent divided by purchase price. Net yield (after strata, rates, insurance, agent fees and maintenance) typically runs 1.5-2 percentage points lower.
The numbers behind the take
Price & Market
Rental
Lifestyle & Demographics
Risk & Hazard
Schools
Climate
Green dot = better on that metric (lower price, higher growth, higher walkability, lower risk).
Compare Colac against another suburb